Alliant Energy Transportation, a wholly owned subsidiary of Alliant, announced Oct. 22 in news release the company had entered into a purchase agreement with Hybrid Transit. No Alliant Energy utility customer dollars are being used in the purchase, the release notes.

The acquisition will add a layer of freight transport to Alliant Energy Transportation, which operates the Cedar Rapids and Iowa City Railway — often referred to as CRANDIC — and IEI Barge Services in East Dubuque, Ill.

Hybrid Transit was founded in 2005 and provides a variety of freight movement services, including over-the-road trucking, rail, air and ocean freight.

“With our combined portfolio of products and services, we’re fueled for growth with the financial strength to better provide long-lasting, seamless solutions. We look forward to this partnership,” Hybrid CEO John Miller said.